Australia's Q1 GDP Growth Paints A Bullish Picture

From Zacks : The Australian economy remained strong in the first quarter of 2018 with GDP growth of 3.1% compared to 2.4% in the last quarter of 2017. The reported growth was above expectations of 2.8% expansion and marked the quickest annual growth rate since second-quarter 2016 .
The Australian Bureau of Statistics , has forecast consistent growth in 2018 on account of higher corporate profits, increase in exports and government revenues. Data have illustrated that commodity exports were the key drivers of growth in the March quarter.
Upbeat Data
Australia has recorded a massive trade...Read more ...